More Like This

Preview

This chapter introduces key features of the Eurogroup's informal working method. It is within this institutional setting that the euro area's top decision-makers address the challenges to economic governance in Stage 3. The actual work of the group is not regulated through legal provisions. Informal governance within the Eurogroup is built on a set of routinised practices and shared rules. Although the process of informal governance is often fluid and has been adjusted over time, nonetheless some characteristic patterns have evolved over the last six years. This chapter notes the structures...

This chapter introduces key features of the Eurogroup's informal working method. It is within this institutional setting that the euro area's top decision-makers address the challenges to economic governance in Stage 3. The actual work of the group is not regulated through legal provisions. Informal governance within the Eurogroup is built on a set of routinised practices and shared rules. Although the process of informal governance is often fluid and has been adjusted over time, nonetheless some characteristic patterns have evolved over the last six years. This chapter notes the structures of informal governance, preparation for the meetings, personality and group dynamic, and other informal groups in the context of the EMU.